The following cost information pertained to the Violin Division of Stringing Music Co. and was based on monthly demand and sales of 100 units: Per-Unit Costs Variable production costs: Direct materials $120 Direct labor 150 Variable factory overhead 60 Fixed production costs: Depreciation (equipment) 20 Factory rent 48 Other 12 Total production cost $410 Variable selling & administrative costs $24 per unit Fixed selling & administrative costs $36 per unit Given a normal selling price per unit of $750, what is the contribution margin per unit sold for recurring (i.e., normal) sales? $336. $316. $276. $396. $630.

The selling price of one unit of products less the variable costs associated with producing that unit constitutes the contribution margin per unit. Each sale provides a certain amount to covering fixed costs, which is known as the contribution margin per unit. It will show how much profit is made per unit sold after the fixed costs are paid.

Making repeating sales contribution margin calculations for each unit sold. Using this equation

Contribution margin per unit = Selling price (per unit) - (Direct material + Direct labor + Variable factory overhead)- Variable selling & administrative costs

Putting numbers in the formula,

Contribution margin (per unit) = $750 - ($120+ $150 + $60) - $24

Contribution margin (per unit) = $750 - $330 - $24

Contribution margin (per unit)= $396

Learn more about contribution margin per unit sold for recurring revenue: https://brainly.com/question/17279788

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